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Dec 21, 2012
12/12
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scott cone is on the news with us. scott, what do you have. >> a federal grand jury in new york returned a three count indictment against the former sac portfolio manager accused in what federal officials call the most lucrative insider trading scheme ever. he was charged earlier under a criminal complaint, a shot across the bow, this indictment signals that if there were efforts and talks under way, to get him to plead guilty and possibly testify against his former boss, steven cohen, those efforts have broken down. again, matthew martoma indicted by a federal grand jury. he could plead guilty and enter into a plea deal. now steaks have gotten higher. if you are steven cohen and his lawyers, you are probably breathing a little bit after sigh of relief. sue? >> i was going to say, put some distance there. thank you very much, scott cohen. >> the market doesn't like what is going on in washington. that's an understatement. we are approaching the lows of a statement. we are off 166 points on the dow. we will get perspect
scott cone is on the news with us. scott, what do you have. >> a federal grand jury in new york returned a three count indictment against the former sac portfolio manager accused in what federal officials call the most lucrative insider trading scheme ever. he was charged earlier under a criminal complaint, a shot across the bow, this indictment signals that if there were efforts and talks under way, to get him to plead guilty and possibly testify against his former boss, steven cohen,...
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Dec 20, 2012
12/12
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but rather than tell us what they can't do, maybe they should tell us what they can do. and senate democrats and white house refuse to act. they will be responsible for the largest tax hike in american history. the house today will also pass a bill to replace this sequester. it will actually not only replace the sequester with cuts, but even further address the deficit problem that we have. while the democratic controlled have no plan and have offered no dear at all for these kuds. i call on he is not dar read to make sure they can vote on this to make sure before the senate adjourns. back in may, i will remind you, back in may, i said we shouldn't wait until new year's eve to address the fiscal cliff. since then, republicans have made every effort to avoid the situation we find ourselves in. we passed a bill to protect middle class families. from looming tax hikes. we have moved a bill in may to replace the sequester that will undermine our national security. that same bill also has additional cuts in it, which would help reduce our deficit and wave the way for long tim
but rather than tell us what they can't do, maybe they should tell us what they can do. and senate democrats and white house refuse to act. they will be responsible for the largest tax hike in american history. the house today will also pass a bill to replace this sequester. it will actually not only replace the sequester with cuts, but even further address the deficit problem that we have. while the democratic controlled have no plan and have offered no dear at all for these kuds. i call on he...
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Dec 4, 2012
12/12
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at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> bring in jim iorio. you have your eye on merck, why? >> health care was heavily owned and heavily sold in anticipation of cal tall gains going up. le end of the day yield is the only thing money is looking for, a ten-year
at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink...
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Dec 18, 2012
12/12
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call or visit us online. we're ready to help. >>> with a 106 point move to the upside in the dow jones industrial average see how gold prices are faring. they are closing and sharon epperson tracking the action at the nymex. >> reporter: gold moving in the opposite direction, a major selloff in the gold market with gold prices down, more than $20. a close that could be around 1670 an ounce and may drop toward the 200 day moving average, 1667. several factors pressuring prices. many sides talking about both sides. that having an impact on gold. moreover, what happened in china with them canceling orders for soybeans highlights the fact there may be cooling off going on in china. that exacerbated a selloff in the agriculture commodities and that translated to a selloff in gold and silver as well. what's interesting to note are some reports out from firms talking about what happened in commodities overall. so far this year we have seen losses overall for commodities sector. gold, though, has fared pretty well up
call or visit us online. we're ready to help. >>> with a 106 point move to the upside in the dow jones industrial average see how gold prices are faring. they are closing and sharon epperson tracking the action at the nymex. >> reporter: gold moving in the opposite direction, a major selloff in the gold market with gold prices down, more than $20. a close that could be around 1670 an ounce and may drop toward the 200 day moving average, 1667. several factors pressuring prices....
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Dec 12, 2012
12/12
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us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an economic trigger. an date. fed chief bernanke gearing up in about an hour's time. apple moving into your living room. yes, sir. tech tightian reportedly closer to testing several tv set designs. will it be the game-changer that so many have been waiting on? and you heard it here on cnbc. j.p. morgan's jamie dimon. taking about the fiscal cliff. do they expect a deal? their take on what happens if we do go over. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i sp
us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an...
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95
Dec 13, 2012
12/12
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eye 95
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as matter of fact, constituent are anxious to talk with us. they are always pleased to see us. they want an update. they want to know what is going on. of course dhe are encouraging us to bring this to a close. to reach some kind of agreement. but they don't mind us being home, if we're not doing anything. they want us there talking with them. and interacting with them. >> you know, speaker boehner says, and the people on the gop side, generally say we have a spending problem not particularly a revenue problem. i want to get your thought on that. and i assume maybe you would say we have both problems in this country. but if that is your point of view, which is your more acute one? spending issue or revenue issue? >> well, the fact of the matter is, we have to have revenue to run this country. a lot of people don't think about the fact that the food is safe, the water is safe. and that we -- our children are safe from defective toys and poison. all of this costs money. and so we do have to have revenue in order to run this country. and that's what's made it the number one countr
as matter of fact, constituent are anxious to talk with us. they are always pleased to see us. they want an update. they want to know what is going on. of course dhe are encouraging us to bring this to a close. to reach some kind of agreement. but they don't mind us being home, if we're not doing anything. they want us there talking with them. and interacting with them. >> you know, speaker boehner says, and the people on the gop side, generally say we have a spending problem not...
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Dec 19, 2012
12/12
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that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of this? i think $49 billion. they are obviously losing money if they sell it at $27. the break even was 50-something if they sold all the shares. they will lose money. what is the cost of letting a million jobs go? i don't know. john, what do you think? >> i think this is surprising for a lot of people. we are definitely losing money on this deal. we are losing anywhere from 9 billion to 13 billion. but if you think about how much jobs they say that saved, about, they say a million jobs, that is about $13,000 a job. we would have paid more than that in unemployment for all these pe
that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of this? i think $49 billion. they are obviously losing money if...
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Dec 14, 2012
12/12
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to tell us and handicap us -- handicap it is andy friedman, principal with the washington update and one of america's top business lawyers. andy, welcome back. good to have you with us. >> thank you. >> in my reading this morning, there were some indications that what may happen is that the house will take up the already passed senate bill that puts in place those lower -- extends those lower tax rates for the sub 250,000 income cohort and also boosts investment taxes to 20% plus the surcharge on dividends. is that now a leading possibility or something less than that? >> i don't know that it's a leading possibility, but i think it shows us where things may end up. i still remain optimistic that we're going to see a deal here. we're going to continue the eagles lyrics. i'm not sure i have a peaceful easy feeling, but i think we'll get there. those will be part of the deal i think. a raise on capital gaps and did i have dents. >> do you think it must involve as the president has clearly said a rise in the rates on the top income earners? >> i think there will be some rise in rates, bu
to tell us and handicap us -- handicap it is andy friedman, principal with the washington update and one of america's top business lawyers. andy, welcome back. good to have you with us. >> thank you. >> in my reading this morning, there were some indications that what may happen is that the house will take up the already passed senate bill that puts in place those lower -- extends those lower tax rates for the sub 250,000 income cohort and also boosts investment taxes to 20% plus...